Shiba Inu (SHIB) price, which has recently experienced a significant rise, is faced with the risk of decreasing with the general course on the market. The total crypto currency market has decreased by 1.06 percent in the last 24 hours, while the decline in the price of Shiba Inu draws attention. Shıb fell from $ 0.00001664 to $ 0.00001581 and lost 4.3 percent in the last 24 hours. Testing the support zone of 0.000015 dollars increased sales pressure in the short term.
Critical Developments in Shiba Inu Price
In parallel with the decrease in Shıb’s price, it is seen that there is a decrease in transaction volume and open positions. Current data indicate that the transaction volume decreased by 16.39 percent to 439 million dollars, and in open positions, a decrease of 3.4 percent. 14,68 trillion Shıb still in term transactions, while investors are more cautious in general tendency.
This downward acceleration in the price indicates a short -term reduction in interest in Shiba Inu. In the previous analyzes, it was stated that token was in the rise trend and that there was a significant increase in burning rates. The current data indicates that the price tested significant support levels and a possible short -term trend change.
Technical Analysis and Market Indicators
The Shıb/USDT four -hour graph shows that a formation called “Death Cross iyor may be approaching technically. The intersection between 9 -day and 21 -day average price levels indicates a possible trend return.
In short -term technical indicators, the relative power index (RSI) is neutral. This reveals a different table from the previous purchase signal on a weekly basis. Common sales in the general market tendency have not yet fully created a negative pressure on Shiba Inu. Experts point out that investors should be cautious at this stage.
“The intersection between moving averages may soon indicate a change of direction,” TradingView analysts evaluated.
Shibarium ecosystem and future expectations
One of the important developments in the Shiba Inu ecosystem is the layer-2 scaling solution called Shibarium. Shibarium has approached a total of 11 million block chain transactions with an average of 4 million transactions per day. In this process, the total locked asset value of the system approached to reaching a level of $ 3 million.
The growth of the Shibarium ecosystem is thought to have a positive impact on the price of SHIB in the long run. Experts say that Shibarium’s increase in transaction volume and technological improvements can contribute to the adoption of SHIB.
Shiba Inu Group executives, “Shibarium’s transaction volume and growth rate, gives hope for the future,” he said.
SHIB’in, Bitcoin recently $102,153.55 The correlation with it is 0.87. This rate indicates that Shiba Inu can largely follow Bitcoin price movements. The positive trend seen since the beginning of the moon increases the likelihood of Shıb to be influenced by general market conditions.
Analysts consider the existing fluctuation in Shıb as a healthy correction. Short -term retreats at the price support the impression that long -term sustainable growth can continue. For next week, the price of SHIB may be compatible with movements throughout the market.
Shiba Inu price with the right, the short -term decline tendency in the markets stand out. Shibarium’s increasing trading volume and technological infrastructure can offer long -term potential, while technical indicators show that the price is tested at the main support levels. Price movements can fluctuate in the short term due to the rapid changes in investor sensitivity, and high correlation continues with leading crypto assets such as Bitcoin. Market data and developments in the ecosystem should be carefully monitored and investment decisions should be taken based on current data.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
